CHARBONE reports strongest quarter to date in preliminary third-quarter results

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Benoit Veilleux, Chief Financial Officer of CHARBONE Corp., discusses the industrial gas company’s preliminary third-quarter results, which he describes as its strongest quarter…

Benoit Veilleux, Chief Financial Officer of CHARBONE Corp. (TSXV: CH | OTCQB: CHHYF | FSE: K47), discusses the industrial gas company’s preliminary third-quarter results, which he describes as its strongest quarter to date. Gas income rose about 21% from the second quarter while the company expanded its customer base, supply hubs and delivery network for ultra-high purity hydrogen and other strategic industrial gases, positioning it to capture growing demand from industrial customers in Canada and the U.S.

Unlike many industrial gas distributors, CHARBONE produces its own hydrogen and sells directly to industrial customers. At Sorel-Tracy, its Phase 1A plant runs on renewable power from Hydro-Québec and can produce ultra-high purity hydrogen around the clock, with purity tested on site by the company’s own lab technician. According to Veilleux, “We’ve also brought hydrogen and helium cylinder filling in-house, which supports margin improvement and gives us more control over quality and delivery times.” Keeping production, testing and filling within its own operations gives the company tighter control over cost and reliability.

With demand for ultra-high purity gases remaining strong, CHARBONE is positioned to serve industrial customers that need reliable regional supply. Since the end of Q1 2026, active customers have grown from three to 28, multi-year supply agreements have doubled from two to four, and monthly deliveries have risen from about two to about 12. The company now operates from four regional supply hubs in Québec, Ontario, Nova Scotia and New York State, supported by a trailer fleet that has grown from two to 11. By focusing on direct supply to industrial customers, the company aims to give investors exposure to a growing, recurring revenue base in industrial gases.

Recent milestones include preliminary, unaudited third-quarter gas income of approximately C$553,000 and year-to-date gas income of nearly C$1.2 million.

As CHARBONE continues to expand its…

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